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Press Dossier   By Date  28/02/2023
Sheikh Mohammed allocates 8,500 land plots to citizens in Al Yalayis 5 area
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, issued directives to immediately allocate 8,500 land plots to Emirati citizens in Al Yalayis 5 area. The plots are located on an area spanning 120 million square feet.
UAE Central Bank revokes Dollar Exchange's licence for serious violations
The Central Bank of the UAE (CBUAE) on Tuesday said it revoked the licence of Dollar Exchange and struck off its name from the Register for serious violations related to anti-money laundering (AML) and failing to maintain the required level of paid-up capital.
UAE airline to suspend flights to European city, citing security reasons
Airline Wizz Air said on Monday it would suspend flights to the Moldovan capital Chisinau from March 14 due to concerns about the safety of its airspace, a decision Moldova's civil aviation authority described as sudden and regrettable.
SABIC’s net profit drops over 28% to $4.40bn in 2022
Saudi Basic Industries Corp. has reported a 28.35 percent fall in its net profit to SR16.53 billion ($4.40 billion) for 2022, due to a lower profit margin amid rising distribution costs.
Saudi economy expected to grow 3% in 2023: Riyad Capital
Saudi Arabia’s economic growth is expected to accelerate to 3 percent in 2023 backed by a robust non-oil sector, according to a forecast by Riyad Capital.
SABIC Agri-Nutrients’ net profit soars 92% to $2.67bn in 2022
SABIC Agri-Nutrients reported SR10.03 billion ($2.67 billion) net profit in 2022, registering 92 percent year-on-year growth, driven by higher average selling prices and sales volumes, according to a bourse filing.
Bahrain’s exports drop 8% to $941m in January: iGA data
Bahrain has seen its exports trade drop below $1 billion, with the value of products of national origin falling by 8 percent to $941 million in January 2023, according to the latest data released by the Information &eGovernment Authority.
Saudi-Croatian business council to be established to boost economic cooperation
A joint Saudi-Croatian business council is on track to be established in an attempt to tap new areas of economic cooperation between the two countries, Saudi Press Agency reported.
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